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The circa 11p previously calculated looks about right and on previous price moves v increased number of shares - even with the less advanced progress tiwards drilling, that those previous price increases were based off.
I sold some at 8p previously, on the way to the move into the 26p+ levels, so certainly want to maximise any derisking to leave as much as possible in for actual results - and hopefully a truely massive strike.
That's about how I see it IK, with a view to perhaps a somewhat higher price point than 7p, before some taking some off the table.
We shall see but looks good for 2.2p to be breached at some point very soon, imho.
Atb
No don’t think you are wrong.
I believe uptake will be far higher than expected - as mentioned t’other day - lots of billionaire/millionaires in Bahamas who will want to have a stake in “their own” oil.
I do believe we have been pegged close to 2p by IIs who are dealing on behalf of the company to ensure “smoothness.”
The key now is 2.2p and a break thereof. The short term traders who were/are looking for 10% on their OO/MF investments will be active there. However once taken out, the LTHs selling activities don’t, IMO kick in, until at least 3p (50% ROI) if not a lot higher.
Personally I don’t start thinking about hedging until 7p and then only small.
I suspect many LTHs have been here long enough to go through the whole “written off” scenario and feel quite gung ho with a view to waiting for the oil to gush - or not.
I hasten to add that in the cold light of significant profitability.at various levels that my head may overrule my heart!
GL mon ami bring out the horseradish and Amarone garçon.
X
P.S.
If you want lobster have a word with Derek and Clive!
IK
I genuinely laughed out loud at that. I even played the scene in my head complete with Spike subbing Schrodinger for Pandora.
I keep threatening to go sea fishing, I went out on a lobster boat years ago as an young'un looking to make a few extra £. No, No, No, No, No. Sea, fine, boats, fine, add in gutting mackerel to re-bait the pots and I was as green as Kermit.
Interesting to see the SP move up when we all know there is the mutual fund bit pegged to 2p for the first tranche, could it be that the uptake is stronger than anticipated? Or am I getting ahead of myself and reading more into it than is there?
I’ve got a 9” drill bit if that helps? And I’m partial to a bit of sea fishing to while away 60days whilst we’re screwing - sorry drilling - not an oil technician - apologies for wrong jargon.
P_I for your eyes only !
Knew a girl called Schrodinger..........Never got to see her box!!
X
We are in danger of adopting the JFDI principle of things.
it gets things done, just not always the best way. Better to be doing something and getting it 80% right than 100% idle.
ive got a coastal skipper license so we just need a boat
That £63K BUY wasn't loose change I'm assuming...?
I can confirm that the structures will be drilled. I have a hammer drill all I need is a chuffing long drill bit, a bit of luck and a generator.
What could possibly go wrong?
Robbla - it is by whom which is the sticking point in the argument.
With some further news we will discover whether it will be within our timeline though we can never be 100% sure. We all hope and pray it will be BPC at the helm and every indication presently suggests it will be.
Chickens and eggs you should never count.
In a different note I wonder whether any further interested parties will be shoving £60k + in this afternoon.
Stay safe all - glass is still half full here even if it is a seriously big risk.
....Feel like we're about to go over the top into no-mans land with that ending!
Make no mistake, these structures will be drilled... at some point.
Fatal there have been many posters on here holding positive or negative views.
None have been proven correct so far.
Those adding a time line to events may well have been proven correct/incorrect. However, that is only on the timeline attributed to the outcome.
I am sure even the most positive person here will stand with you on the view this has taken longer than we would have wanted, but right now all the signs are that we will be drilling this year.
We are sat on Schrodinger's oil field. None of us know with certainty what is in the box until we open it.
The problem with holding a firm negative view is that you have to be correct every time to be correct. Holding a positive view you only have to be correct once.
Gentlemen, Ladies, distinguished guests, please raise a glass, cup or mug, to opening the box and finding out if we were right or wrong.